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6119 Churchside Dr Lithia, FL 33547

4 Beds 4 Baths 2,952 sqft Built 2006

$410,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $138.89
  • 3 Days on Market
  • MLS # : T3290179
  • Updated Date : 02/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,952 sqft
  • Baths : 3 full , 1 half
Listing Agent

Harris And Hyde Llc

Listing Agent's Description

Welcome home! Spacious home in the popular FishHawk Garden district with new carpet and exterior paint! Only one block to the Aquatic center and two blocks to Park Square with its restaurants, shops and fountains. This home has everything your family wants including a big family room with 20 foot ship lap wall and built in cabinets, great formal dining room and a beautiful staircase to the second floor. Eat in kitchen is open to the family room and features beautiful cabinets, solid surface counter tops and stainless steel appliances. Large island has seating for four. Convenient downstairs room boasts built ins and double doors. This space is perfect for a home office, homework station or craft room. The possibilities are endless. Upstairs you will find three bedrooms and two baths with a great bonus area to play or watch TV. Master bedroom is on the first level with its own luxury bath. This home is right in the middle of everything FishHawk has to offer. Your family will love living here!

SEE MORE

MARKET HIGHLIGHTS

  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)

PRICE & RENT TRENDS

Neighborhood: Fishhawk

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k481k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Fishhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9052692

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Fishhawk Creek Elementary School Primary Regular 990 70 9
Randall Middle School Middle Regular 1,345 76 9
Newsome High School High Regular 2,469 125 9

Fishhawk Creek Elementary School

  • Education Level: Primary
  • # of students: 990
  • # of teachers: 70
9
GreatSchools Rating

Randall Middle School

  • Education Level: Middle
  • # of students: 1,345
  • # of teachers: 76
9
GreatSchools Rating

Newsome High School

  • Education Level: High
  • # of students: 2,469
  • # of teachers: 125
9
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,424
Property Tax -$693
Property Insurance -$208
HOA -$9
Property Management Fees -$129
CASH FLOW
$117

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$410,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$39,223

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,580

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,716

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,580
1$2,5802$2,8003$2,8004$2,8505$2,850
$2,850
RENT COMPS ANALYSIS
  • 6119 Churchside Dr Lithia, FL 1
    • 4 beds 4 baths ∙ 2,952 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,952 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.87
    •  
  • 5906 Palmettoside St Lithia, FL 2
    • 4 beds 3 baths ∙ 3,045 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,045 Sqft ∙ Built 2006
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.92
    •  
  • 16238 Palmettoglen Ct Lithia, FL 3
    • 4 beds 3 baths ∙ 3,045 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,045 Sqft ∙ Built 2006
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.92
    •  
  • 6104 Parkset Dr Lithia, FL 4
    • 4 beds 4 baths ∙ 3,070 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,070 Sqft ∙ Built 2005
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.93
    •  
  • 6006 Churchside Dr Lithia, FL 5
    • 5 beds 3 baths ∙ 3,148 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,148 Sqft ∙ Built 2010
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.91
    •  
PROPERTY LISTING DETAILS
Joanna Altman
1.813.528.0438
Harris And Hyde Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3290179
Last Updated: 02/13/2021
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